# SAM #16PBGC26P0012

PBGC sole-source bridge contract for fixed-income investment management

**Buyer:** Pension Benefit Guaranty Corporation
**Posted:** October 01, 2026
**Identifier:** 16PBGC26P0012
**NAICS:** 523940

PBGC published a sole-source justification for a temporary bridge contract to keep active management of its fixed-income portfolios in place while it completes a competitive replacement acquisition.
- **Notice and contract:** Justification for Other Than Full and Open Competition associated with contract 16PBGC26P0012; PBGC identifies Allspring Global Investments LLC as the bridge contractor.
- **Requirement:** Active management and related services for PBGC fixed-income portfolios, aiming to earn returns above portfolio benchmarks while following investment guidelines and risk limits.
  - Strategies may include Core Fixed Income, Long Duration Fixed Income, Global Fixed Income, and Emerging Markets Debt.
- **Purpose and competition:** The bridge is intended to prevent a lapse in portfolio management while PBGC completes a competitive replacement acquisition.
- **Schedule:** The current contract ends September 30, 2026. The bridge award is projected for August 2026 and is described as a six-month period with an optional three-month extension, for up to nine months. The replacement award is estimated for March 2027.
- **Unspecified details:** The notice and attachment summary do not provide quantities, part numbers, or an estimated contract value.

### Description

<p>This is a Justification for Other Than Full and Open Competition related to contract # 16PBGC26P0012 to ALLSPRING GLOBAL INVESTMENTS LLC awarded on September 25, 2026.</p>

<p>For additional information please see attached Justification for Other Than Full and Open Competition.</p>

[View original listing](https://sam.gov/opp/14331dfd460d46fa8f2ac9e6a51109b5/view)